ABS

  • Smaller non-bank lenders ‘won’t survive’ BoE funding rejection

    Smaller non-bank lenders ‘won’t survive’ BoE funding rejection

    Some non-bank lenders are unlikely to survive the pandemic crisis, sources say, after the Bank of England told the industry it is not willing to provide emergency liquidity support in the wake of the Covid-19 outbreak. Non-bank institutions are having to grant the same payment relief to customers as high street banks but still have outgoing warehousing costs.

  • SoFi takes second shot at OCC bank charter

    SoFi takes second shot at OCC bank charter

    Online lender SoFi this month filed for a bank charter with the Office of the Comptroller of the Currency (OCC) for the second time, with sources saying a more supportive OCC may increase the lender's chances of being approved after beginning the process three years ago.

  • Markets look for EU to take the lead on green recovery

    Markets look for EU to take the lead on green recovery

    Momentum is growing for the economic recovery from the coronavirus pandemic to have a strong green thrust, as the UK’s mini-Budget and comments by European Central Bank president Christine Lagarde made clear this week. Capital market participants are enthusiastic about the prospect and expect it to further green the markets — but how far the drive goes will ultimately depend on politics, write Mike Turner, Jon Hay and Jasper Cox.

  • People moves in brief

    People moves in brief

    New sustainable DCM team at Citi — Deutsche picks Stergiou for new position — SMBC Nikko makes ABS trading hire

  • Global warming temperature scores to radically simplify green investing

    Global warming temperature scores to radically simplify green investing

    CDP, the leading platform through which companies report their carbon emissions, has become the latest organisation to launch a potentially influential system of temperature ratings, so investors can work out how much global warming each company’s plans will theoretically lead to — and hence the overall temperature of a portfolio.

  • Brace for the Covid-19 NPL wave, Houlihan Lokey warns banks

    Brace for the Covid-19 NPL wave, Houlihan Lokey warns banks

    Zam Khan is a managing director in Houlihan Lokey’s Financial Institutions Group, where he leads the portfolio and capital advisory practice. He told GlobalCapital how banks should use financial data to deal with new NPL formations, or risk being engulfed by losses over the next few months.

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